It comes down to regulation and enforcement. Without enforcement, of course, regulations mean nothing. We've witnessed this for the past seven years as BushCo has refused to enforce any regulations for business, the mining industry, the environmental laws, or Wall Street. Regulations and laws are a beginning but when an Administration decides they aren't going to enforce the laws and regulations we wind up in a trap of our own making.
The current recession IS a trap of our own making. Americans voted against their own financial interests in 2000 and again, in 2004. Clearly demarked as being for big business and against workers and middle class families, George W. Bush and his Republican cohorts were elected twice to do exactly what they have done: destroy the economy and lives of working people.
Many experts and pundits wrote about this at the time because it was a remarkable story. Average, normal Americans voted against their own financial futures because they were more concerned with God, guns and gays. These were the smokescreens the GOP used to con and brainwash these voters. Millions fell for the scheme and voted for Bush/Cheney.
Now they are losing their homes, paying so much for energy they cannot afford much else, are stuck in an economy quickly going down the drain and wondering how it all happened. Let me explain: you voted for George W. Bush.